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RBNZ's Hawkesby: Our policy approach is in line with new Fed framework
Our policy approach is in line with the new Fed’s average inflation targeting strategy, the Reserve Bank of New Zealand (RBNZ) Assistant Governor Christian Hawkesby said in a statement on Friday. Additional comments “Sees 'a number of parallels' between the Fed and its own approach.” “RBNZ stance is to allow inflation to run above target after a period of weakness.”